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when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be spent, invested into new businesses. that's the genesis of economic growth. capital investments. >> while small businesses are getting hurt, the big businesses have been doing fine. in fact, look what happened with the obama recovery compared to the bush expansion. the top one percent, we're hearing a lot about them, they had an expansion of 65% during bush. during the obama so called recovery they got 93%. so the rich have all these special deals which is helping them get more money while the poor are losing. >> i hear what you are saying. here's the thing. we see time and again these poll significances say we do want pro growth economic policies but they show up in washington d.c. and i think they got some kind of stockholm syndrome where they do their krony capitalism to redistrict and that doesn't work. mike is right. all new job creation over the last decade or so comes from the small business startups and, boy, they're g
when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be spent, invested into new businesses. that's the genesis of economic growth. capital investments. >> while small businesses are getting hurt, the big businesses have been doing fine. in fact, look what happened with the obama recovery compared to the bush expansion. the top one percent, we're hearing a lot about them, they had an expansion of 65% during bush. during...
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it has very good tax treatment. >> do you leave a lot to your family? >> that's a very sensitive question, too sensitive to answer. >> i'm taking it all for me. kids, you're on your own. guys, thanks very much. >> that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle class america's basic market, that if you work hard you have a chance to get ahead. >> president obama this week blasting income inequality, but are his policies to blame. welcome to forbes on fox. let's go in focus with steve forbes and others. steve, have his policies helped or hurt income disparity? >> it's hurt. this is the most miserable recovery in american history. medium incomes are lower than they were five years ago, the uncertainty of obama care, the horrific tax code, less opportunity for people to rise up. >> rick, he is criticizing something that happened under his watch. >> yeah, here's the problem that i have. first of all, and john will love hearing me say this. i'm not sure that government is a big answer. >> we are all happy to
it has very good tax treatment. >> do you leave a lot to your family? >> that's a very sensitive question, too sensitive to answer. >> i'm taking it all for me. kids, you're on your own. guys, thanks very much. >> that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle class america's basic market, that if you work hard you have a chance to get ahead. >> president obama this week blasting income inequality, but are his...
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and they say rents have skyrocketed and many people have received eviction notices. >> they get my tax paying dollars and i am booted out and i am not too happy with that. >> they want to put affordable housing ahead of corporate demand. >> the city is taking steps to slow the number of evictss. collectors' seats will go on sale and it will be dismantleed sometime next year. delivery will go to next year and it will go to the parks department as well. >>> hearing postponed why the hearing into the airlines crash that was due to get underway this morning is not happening. >>> and a southern fire at a san francisco recycling plant happened just within the past 40 minutes. >>> good morning, right now we are looking at traffic which is getting more crowded as we get closer to the 6:00 hour and 880 westbound is slow along with some other areas, i will tell you where. >>> 30s and 20s, although it is warmer in san francisco, we will tell you how much longer this gold snap will last. . >>> good morning, and san francisco fire and why it took so long for the fire to be put out. >>> we will tell
and they say rents have skyrocketed and many people have received eviction notices. >> they get my tax paying dollars and i am booted out and i am not too happy with that. >> they want to put affordable housing ahead of corporate demand. >> the city is taking steps to slow the number of evictss. collectors' seats will go on sale and it will be dismantleed sometime next year. delivery will go to next year and it will go to the parks department as well. >>> hearing...
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they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an already-strained budget in new york. >> that's right. new york already has when you combine city and state taxes one of the highest tax burdens in the country. it devastated new york state. look at up state. again to think new york city's impervious to these kind of demand, look what happened in the 1960s and '70s they literally drove the city to bankruptcy. so why start on that path again? david: let's talk a little bit about the rhetoric of income disparity. we heard the president talking about it. there is bigger gap between the richest and po
they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an...
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he said lower the tax rate dramatically, 5% corporate and individual tax rate. school choice, education tax credits. various provisions to make it easier for people to invest in the inner city. he said, look, we tried government solutions. they haven't worked. so let's try market-based solutions, and that's his answer to a lot of these issues. i have to tell you, a steep road they have to climb. in detroit, for instance, in 2012, obama got 97% of the vote. mitt romney, 2%. >> does he actually believe the unemployment number? you know, there's been some speculation that it doesn't really accurately reflect what the situation is in our country? >> well, he points out the fact that for blacks, the unemployment rate is roughly double what it is for whites. and you know, regardless of what the statistics are, he understands there's a serious unemployment problem around the country but especially with minorities in the inner cities. he's saying that the typical liberal democratic solution is not the right way to go, that you need to go market-based and try something e
he said lower the tax rate dramatically, 5% corporate and individual tax rate. school choice, education tax credits. various provisions to make it easier for people to invest in the inner city. he said, look, we tried government solutions. they haven't worked. so let's try market-based solutions, and that's his answer to a lot of these issues. i have to tell you, a steep road they have to climb. in detroit, for instance, in 2012, obama got 97% of the vote. mitt romney, 2%. >> does he...
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and that would be offset so that it doesn't add to the deficit by some revenue increases, though not taxes and some entitlement cuts, though in the medicare and social security. it's a modest deal but lawmakers hope they can announce it by the end of the week, enact it next week and avoid a government shutdown in january. >> who are winners and losers to the extent we know what stays and goes and maybe more pointly, what does this mean for those looming deadlines the government shutdown number which was i think middle of january and then the debt ceiling debate, which resurfaces then again, i think, right around the super bowl? >> tyler, it means both that the debt ceiling increase and the government funding are likely to occur as scheduled, avoid a crisis like we had. lawmakers don't have much appetite for that, especially going into an election year. so in that sense, it's good news for the entire country. in terms of losers, the kinds of fees they are talking about and again, we don't have a final deal are things like higher airline ticket fees, the president had those in the budget. wh
and that would be offset so that it doesn't add to the deficit by some revenue increases, though not taxes and some entitlement cuts, though in the medicare and social security. it's a modest deal but lawmakers hope they can announce it by the end of the week, enact it next week and avoid a government shutdown in january. >> who are winners and losers to the extent we know what stays and goes and maybe more pointly, what does this mean for those looming deadlines the government shutdown...
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inflation is a tax. you lower the inflation rate, that's a cut. oil is a tax. i know the retail stuff is disappointing and dominic's reporting is accurate. on the other hand, the economy is growing at 2%, 2.5%. profits are rising, interest rates are low. you're not going to have the fed slow down in bond buying until march. that's my message from today's retail sales. >> i agree with you. the last part you mentioned is the most important of all. what's really spurred the stock market has been janet yellen. we're going to get a continuation of bernanke's policies and at least for the near term possibly even an acceleration -- at least versus expectations. people who thought taper was going to be in september, that obviously didn't happen. i don't think taper is happening imminently. spring at the earliest. that's enough probably to keep assets going. having said that, you want to be in careful places. go-go momentum stocks have seen drops -- >> we should be going through and parsing this out. but i'm an index guy. i know i'm not smart enough -- dom dominic, the
inflation is a tax. you lower the inflation rate, that's a cut. oil is a tax. i know the retail stuff is disappointing and dominic's reporting is accurate. on the other hand, the economy is growing at 2%, 2.5%. profits are rising, interest rates are low. you're not going to have the fed slow down in bond buying until march. that's my message from today's retail sales. >> i agree with you. the last part you mentioned is the most important of all. what's really spurred the stock market has...
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in aventura, florida. $1.2 million, $10,559 taxes. it's a beautiful home. >> for the shopaholics, this is minutes away from aventura mall, the highest grossing mall in the united states. this is an aventura and country club estates. what's unique about this is there are only 80 homes in this neighborhood, and it's overlooking the golf course and a bird preserve lake. and you can walk or jog around the vita course which is three miles long. so this is a very popular neighborhood. great buy. i expect this to sell in just weeks for $1.29 million. 4 bedrooms, 3 1/2 baths. another great bargain. >> thanks for spending time with us. we appreciate it. ty, down to you. >> thank you. >>> thanks very much. "vogue" magazine described norwina as one of the most inspiring women in the world. she's also a noted economist and adviser to presidents and ceos. she gets paid to help people make smarter decisions. her thoughts for executives, investors and people like you next. when does your work end? does it end after you've expanded your business? aft
in aventura, florida. $1.2 million, $10,559 taxes. it's a beautiful home. >> for the shopaholics, this is minutes away from aventura mall, the highest grossing mall in the united states. this is an aventura and country club estates. what's unique about this is there are only 80 homes in this neighborhood, and it's overlooking the golf course and a bird preserve lake. and you can walk or jog around the vita course which is three miles long. so this is a very popular neighborhood. great...
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so as we approach tax season, that's one to watch. by the way they report earnings after today's closing bell. one stock you will want to watch hrb. what about one of the biggest companies in the world, we're talking about exxon mobil, yeah, it's been an underperformer relative to the overall market but hit an all-time high yesterday and it was the second best performing stock in the dow last week. over the course of the shorter term this stock has been up about 2% to 3% in the last couple weeks. when we talk about stocks it's not always about the momentum, guys. sometimes these big names can manifest themselves in great stock performance even over the shorter and longer term. >> thank you very much. talking about studs, dominic chu. >>> yesterday herb told us he was having a hard time, he was having a hard time picking his worst ceo of the year list. he reached out to you, dear viewer, asked you to help him and, i believe, you delivered. bring herb back in with an update. >> it is very interesting. they said there are a number of peo
so as we approach tax season, that's one to watch. by the way they report earnings after today's closing bell. one stock you will want to watch hrb. what about one of the biggest companies in the world, we're talking about exxon mobil, yeah, it's been an underperformer relative to the overall market but hit an all-time high yesterday and it was the second best performing stock in the dow last week. over the course of the shorter term this stock has been up about 2% to 3% in the last couple...
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taxes on past tickets don't matter. ual. >> mike murphy. >> petro pbr, run from 14 to 19 and pulled back here recently around the 14 level again. >> dr. j what do you see? >> facebook, unusual activity. they rolled up from the 45s to the 50s in january, watch this one, judge. >> watching that and you're watching "power" right now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now. >> gentlemen, thank you very much. crisis over, our call. steve liesman reporting the fed is likely to begin tapering next week. d.c. close to a budget deal, new regulations in place for wall street, and new dawn for the big banks. the government out of gm and europe is stabilizing. we're going to have playbook on how you should play it. what do these gentlemen think about it? a rare and exclusive interview with the co-ceo of the private equity giant carlyle group and exclusive with time
taxes on past tickets don't matter. ual. >> mike murphy. >> petro pbr, run from 14 to 19 and pulled back here recently around the 14 level again. >> dr. j what do you see? >> facebook, unusual activity. they rolled up from the 45s to the 50s in january, watch this one, judge. >> watching that and you're watching "power" right now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now....
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you can pay the tax online or even use an itunes' app. >>> a 6-year-old boy with dreams of bombing an -- becoming an astronaut is surprised they are cutting the program. >> i decided to give them my piggy bank. >> the petition asked the president to increase nasa funding so he can grow up and fulfill his dream of working in space. >> i want to be an astronaut so i can discover new worlds. >> he is adorable. >> his petition has 9,000 signatures and needs 100,000 before december 29th so he can get an official response from the white house. he is very serious because he has been involved in this since he is 3. join his petition. that is awesome. >>> bad weather across the country including for tar letters here a -- travelers across the bay area. >>> not enough police officers on the streets of oakland, the demands of the mayoral candidate they are making of city council... >> traffic is moving along well right now as you are driving on highway 4 but there is a problem on bart that could cause big delays for those taking the train to the east bay and we will tell you more about that. >>>
you can pay the tax online or even use an itunes' app. >>> a 6-year-old boy with dreams of bombing an -- becoming an astronaut is surprised they are cutting the program. >> i decided to give them my piggy bank. >> the petition asked the president to increase nasa funding so he can grow up and fulfill his dream of working in space. >> i want to be an astronaut so i can discover new worlds. >> he is adorable. >> his petition has 9,000 signatures and needs...
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million uninsured african-americans might qualify for medicaid, the children's health insurance credit or tax premiums to lower premiums. >> they can score political points by attacking affordable care act, or they can save taxpayer and ensure that thousands of their citizens have access to qualify health care. >> the cost could be astro nommical. another report by national center for policy analysis, claims in one state alone, arizona, medicaid expansion will cost taxpayers about $1 billion a year. emanuel stressed he still believes enough young and healthy people will sign up to pay into the system and help balance it out urks. >> i think there will be a fiscally safe budget. >> usa today recording that scores of people dealing with this glitch and not being able to get insurance before the december 23rd deadline to enroll. >> ed on the north lawn. thank you. >>> some people think the revamped health cacare.gov look better. but looks can be deceiving. >> there is a new future at healthcare.gov that puts premiums and deductibles or out of pocket expenses on the same screen, so the prices are
million uninsured african-americans might qualify for medicaid, the children's health insurance credit or tax premiums to lower premiums. >> they can score political points by attacking affordable care act, or they can save taxpayer and ensure that thousands of their citizens have access to qualify health care. >> the cost could be astro nommical. another report by national center for policy analysis, claims in one state alone, arizona, medicaid expansion will cost taxpayers about...
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there are no tax increases here. and point number three, we are finally starting to deal with auto pilot spending. the mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided budget agreement since 1986. the reason we haven't done a budget agreement when both houses were controlled by other parties is because it is not easy to do. so we are not going to get everything we want, and she won't get everything she wants [ inaudible question ]. >> i think we will pass this to the house and we'll go first given our schedules in the house, we will post this on our website today, this evening and we intend to bring it to the house floor later on this week. i have every reason to expect great support from our caucus because we are keeping our principals. the key is here nobody had to sacrifice their core principles. our principles are don't raise taxes an reduce the deficit. and we have concerned members about defense. the next hit from the sequester would hit solely on
there are no tax increases here. and point number three, we are finally starting to deal with auto pilot spending. the mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided budget agreement since 1986. the reason we haven't done a budget agreement when both houses were controlled by other parties is because it is not easy to do. so we are not going to get everything we want, and she won't get everything she wants [ inaudible question ]....
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but those gas taxes, the federal levy of around 18 cents a gallon in taxes by the state of around 8 and 50 cents a gallon, they pay to maintain highways and bridges across the country. and that's already a huge problem. we begin tonight with that terrifying bridge collapse. >> reporter: take for example the news that broke in may when an interstate 5 bridge collapsed a couple hundred miles north of portland. by next year the federal highway trust fund, the source of almost all the funding for bridges and roads that comes from washington will go bust. >> the bottom line is that we are in a downward spiral. what it means is the federal government is not going to be able to help states and locallities maintain what they've got. it means that people will pay with less safe driving conditions. >> does the gas tax generate enough revenue for the state of oregon to maintain its roads properly? >> no. just plain no. >> vicky say republican member of the oregon house. she says as the state's residents buy even more efficient cars and less gas, the budget crunch is only going get worse. but she t
but those gas taxes, the federal levy of around 18 cents a gallon in taxes by the state of around 8 and 50 cents a gallon, they pay to maintain highways and bridges across the country. and that's already a huge problem. we begin tonight with that terrifying bridge collapse. >> reporter: take for example the news that broke in may when an interstate 5 bridge collapsed a couple hundred miles north of portland. by next year the federal highway trust fund, the source of almost all the funding...
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they leave out the earned income tax credit, for example. these things are so -- >> you have to look at the report that says all of that stuff. >> we did. that looks much better. jared, let me ask you this. i listened to the president's so-called solution today. he wants to raise the minimum wage, right? he wants more infrastructure spending. he wants to end tax loopholes. he wants more spending. can i just say how totally boring that is? that's all he ever says. the guy either needs, a, a new speech writer or, b, a new policy or preferably both because he can't keep standing up with the same four silly bullets and say that that is going to improve the american economy which is producing the worst economic recovery in the modern era. >> i wouldn't expect you to -- i wouldn't expect you to like three of those four, but the fact that he has consistently talked about lowering the corporate tax -- >> but he didn't talk about that today. >> he did. >> he just talked about closing loopholes. >> he's referencing his plan to lower the corporate rate
they leave out the earned income tax credit, for example. these things are so -- >> you have to look at the report that says all of that stuff. >> we did. that looks much better. jared, let me ask you this. i listened to the president's so-called solution today. he wants to raise the minimum wage, right? he wants more infrastructure spending. he wants to end tax loopholes. he wants more spending. can i just say how totally boring that is? that's all he ever says. the guy either...
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taxes on past tickets don't matter. ual. >> mike murphy. >> petro pbr, run from 14 to 19 and pulled back here recently around the 14 level again. >> dr. j what do you see? >> facebook, unusual activity. they rolled up from the 45s to the 50s in january, watch this one, judge. >> watching that and you're watching "power" right now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now. >> gentlemen, thank you very much. crisis over, our call. steve liesman reporting the fed is likely to begin tapering next week. d.c. close to a budget deal, new regulations in place for wall street, and new dawn for the big banks. the government out of gm and europe is stabilizing. we're going to have playbook on how you should play it. what do these gentlemen think about it? a rare and exclusive interview with the co-ceo of the private equity giant carlyle group and exclusive with time warner's ceo. and what an incredible 24 hours. culminating in this a new ceo. this is just a day after the governme
taxes on past tickets don't matter. ual. >> mike murphy. >> petro pbr, run from 14 to 19 and pulled back here recently around the 14 level again. >> dr. j what do you see? >> facebook, unusual activity. they rolled up from the 45s to the 50s in january, watch this one, judge. >> watching that and you're watching "power" right now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now....
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the tax was challenged by amazon and overstock, the tax stays in place at the state level. to the big board, where are we this monday morning? we were going to go up and wrong, down 31 points as of now. as for the price of gold this monday morning, we're down there, too, off $16 an ounce, back to 1234. according to the national retail federation, on-line sales accounted for 44% of total black friday retail sales and shoppers avoided the parking lots and long lines and according to our next guest, the disastrous state of the sales. and two people got it wrong, bricks and mortar. number one is gap, what did they do wrong? >> gap is looking like a winner, old your horses, this is a company cut that numbers to make an earnings. and yes, you have to make basically the stores messy, large piles of clothes, banana republic, gap, old navy, instant markdowns. stuart: the stock is up 2 1/2% despite what you're saying about the state of the stores. >> nobody people were talking about the stores were in disarray and didn't have enough employees and you're supposed to put your best foot
the tax was challenged by amazon and overstock, the tax stays in place at the state level. to the big board, where are we this monday morning? we were going to go up and wrong, down 31 points as of now. as for the price of gold this monday morning, we're down there, too, off $16 an ounce, back to 1234. according to the national retail federation, on-line sales accounted for 44% of total black friday retail sales and shoppers avoided the parking lots and long lines and according to our next...
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does that suggest to you that his policies, such as raising taxes on the rich and increasing spending on the poor have contributed to the income divide? >> yeah, it sure does, greg. what's interesting, you just nailed it. if you look at the sideways in america since at least the 1960s, it has always been the case in america and still i believe today that anyone can succeed in this country, and the president was essentially saying if you grow up poor in america today, you can't get rich, which is contrary to what the american dream is all about. and what is interesting about this issue of income disparity is that what happened in the '80s and '90s especially under president reagan, a republican, and president clinton, a democrat, we had rising mobility. in the last five, six years we haven't seen that. it is true the rich are getting richer and the poor getting poorer under this president's policies. >> his latest idea is to raise minimum wage. he claims there's absolutely no evidence that doing so costs jobs. even "the washington post" gave him two pinocchios for that one. doesn't res
does that suggest to you that his policies, such as raising taxes on the rich and increasing spending on the poor have contributed to the income divide? >> yeah, it sure does, greg. what's interesting, you just nailed it. if you look at the sideways in america since at least the 1960s, it has always been the case in america and still i believe today that anyone can succeed in this country, and the president was essentially saying if you grow up poor in america today, you can't get rich,...
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idea of tax avoidance is better than -- >> that sounds like it is not tax avoidance, that is tax evasion. if you're avoiding the taxes, it should be able to with stand -- >> it might be satisfying just to do it so they can't see. even if you're not breaking the law. >> by itself, it doesn't sound that bad. but when you combine it with the nsa reading the e-mails and you get into the long arm of the law -- >> no, i'm in favor of this. i'm in favor of the fed going after this because i think in order for taxation to work, that everybody should be held up to the same laws. you can find about what those tax laws should be, but you -- whatever the law of the land is what we all have to live under that rule. >> we have people in congress now that are -- that want to make -- they don't care where the u.s. companies are. it's almost a punitive. they look at apple and the way that -- >> but these are individuals who are hiding money over there. >> but this makes the end of every hollywood caper not true any more. the idea of the guy who does the crime and escapes to the -- >> that is my point. >>
idea of tax avoidance is better than -- >> that sounds like it is not tax avoidance, that is tax evasion. if you're avoiding the taxes, it should be able to with stand -- >> it might be satisfying just to do it so they can't see. even if you're not breaking the law. >> by itself, it doesn't sound that bad. but when you combine it with the nsa reading the e-mails and you get into the long arm of the law -- >> no, i'm in favor of this. i'm in favor of the fed going after...
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more expensive, we are paying for them and the taxpayers are paying for all of this, either through tax breaks or the green energy companies or other kinds of write-offs. but at the end of the day, why can the grid not handle it? what is a technil issue? >> it is difficult. they turn and they create energy, it is difficult to get that energy over to the coast and we generate a lot of wind energy in the country. and it's difficult to get overlooked where it's needed. and once you start rying to get it out elsewhere, it is a little bit more difficult. but the big problem is tha the wind is heavily subsidized and it's more expensive. so germany and spain have ended their subsidies because it is just so expensive. for example the energy department says the average costs of natural gas are $66. >> that tells a story, doesn't it? and from what inderstand, if you live in california, you put solar panels on their house and it's not likely you will stay in the house long enough to pay off those solar panels. even so, the devils are in the detail. and it's really hard to make it work and make it
more expensive, we are paying for them and the taxpayers are paying for all of this, either through tax breaks or the green energy companies or other kinds of write-offs. but at the end of the day, why can the grid not handle it? what is a technil issue? >> it is difficult. they turn and they create energy, it is difficult to get that energy over to the coast and we generate a lot of wind energy in the country. and it's difficult to get overlooked where it's needed. and once you start...
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paul ryan saying there's no taxes involved, no tax increases, well there are these fee increases. so it's a little squirrely. there's going to be includesed aviation fees. there's going to be higher contributions for federal workers to their pensions. you can call those fees. for a lot of people, those are going to look a bit like taxes. so i think that's kind of the basic breakdown of the two-year deal. i actually, by the way, i like the fact that there's going to be less fiscal head winds on the economy in 2014 and 2015. many democrats would have liked to see extended unemployment insurance in there. that wasn't in the bill. >> let me bring back in richard wolffe. richard, how do they get the votes on this? and are they trying to prove after such a non-productive congress, one of the northeast non-productive congresses in history, that they can make something work? because i noticed senator murray particularly made the point that they made the compromise government could work. >> if government can work means they can avoid a shutdown and pass a basic budget, i guess we should be
paul ryan saying there's no taxes involved, no tax increases, well there are these fee increases. so it's a little squirrely. there's going to be includesed aviation fees. there's going to be higher contributions for federal workers to their pensions. you can call those fees. for a lot of people, those are going to look a bit like taxes. so i think that's kind of the basic breakdown of the two-year deal. i actually, by the way, i like the fact that there's going to be less fiscal head winds on...
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here is what i see her when i look at tax payers wallets. an open-ended obligation of my money going to insurers to fix the problem because the poor planning of this administration. again, why is that? >> i think it's not just this, it's the whole law, and i think you're actually onto something there. because people have talked about whether this will work and how many people would enroll, will there be a so-called deathspiral and etc. gerri: president is willing to open the process and the task of these insurers to give them whatever they want. let's talk about how many times the price tags for this website has gone up. that is now a billion dollars. it seems as though they are not willing to say that we are going to end this plan and what they are willing to say is that we will spend what we have to to make it work. and i could be disastrous. >> that is correct. but they probably will do exactly that despite what they have to. but even without him i don't think what they are going to get is much more than something that looks like a bit mo
here is what i see her when i look at tax payers wallets. an open-ended obligation of my money going to insurers to fix the problem because the poor planning of this administration. again, why is that? >> i think it's not just this, it's the whole law, and i think you're actually onto something there. because people have talked about whether this will work and how many people would enroll, will there be a so-called deathspiral and etc. gerri: president is willing to open the process and...
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these are down to $16,000 when you include federal tax credits. the government encourages you. >> tell us about those? is it worth it to do it for the tax credit? >> it's a good deal. average price is $30,000. you can't go very far on it, not happy in it. i haven't ridden in it. i'm just talking about what consumer reports said. >> you would class it up. >> i would pimp that ride, absolutely. >> what are car manufacturers thinking? is this a big bottom line boost for them or will they back off because they are not earning money on them? >> they are really cutting into their margins. they are doing that because there's no other way to move these things off the lot. again, a lot has to do with gas prices. once they go up we see more demand. prices for other cars are going up. in one month from october to november, on average 3%, 1.1% year over year. these drastic price cuts could get them off the lot. >> would be nice to get into a tesla. >> it's a pretty car. >> as far as the gas prices you're talking about, the gas taxes are going up? >> they coul
these are down to $16,000 when you include federal tax credits. the government encourages you. >> tell us about those? is it worth it to do it for the tax credit? >> it's a good deal. average price is $30,000. you can't go very far on it, not happy in it. i haven't ridden in it. i'm just talking about what consumer reports said. >> you would class it up. >> i would pimp that ride, absolutely. >> what are car manufacturers thinking? is this a big bottom line boost...
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going to do is they're going to get this money it's going to be in more good pay downs another half in tax exemptions it's going to help one hundred thousand people which probably doesn't sound a great deal but that's actually a third of the population of iceland some people say that since two thousand and eight iceland has actually come rather a long way it has done very much so we rewind the clock it was pretty much a disaster the first domino to fall in the whole financial crash and we had international debt six times higher than the country's g.d.p. which is pretty startling stock market plunged ninety percent inflation surged eighteen percent we had unemployment rising nine fall that's just to give you an idea of what happened so the government they stepped up and this is what they did so they decided to go against what the rest of europe was doing so they paid off consumer loans first of all that's a person they desired to do they forgave mortgages as well so again they helped out the people that were struggling they burned bondholders instead of using taxpayers' money again the oppo
going to do is they're going to get this money it's going to be in more good pay downs another half in tax exemptions it's going to help one hundred thousand people which probably doesn't sound a great deal but that's actually a third of the population of iceland some people say that since two thousand and eight iceland has actually come rather a long way it has done very much so we rewind the clock it was pretty much a disaster the first domino to fall in the whole financial crash and we had...
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Dec 5, 2013
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and the rates in new york with sales tax and everything and income taxes, state income taxes are roughly the same rate. so the tax equalization. i don't pay double. it gets offset. >> i don't know what that says, now we're equal to -- >> it's about 50%, basically is the marginal rate. >> you think that's fine? >> well, the british government reduced it from 50% to 45% and i thought that was wrong at the beginning of the conservative coalition because they said they were doing it to try and increase entrepreneurial activity. i think the best way to do that is a capital gains tax, not income tax. so i think that was misplaced. and i think at a time when people were worried about inequality and equality, which was high on the political agenda, i think it was the wrong thing to do. >> it brings up a lot of issues about income equality. and we know the one thing that solved income equality is growth and jobs. growth and jobs. not entitlements, not redistribution, it's growth and jobs. and some of the efforts to do it the other way, to have the government orchestrate a shrinking of it -- >> fa
and the rates in new york with sales tax and everything and income taxes, state income taxes are roughly the same rate. so the tax equalization. i don't pay double. it gets offset. >> i don't know what that says, now we're equal to -- >> it's about 50%, basically is the marginal rate. >> you think that's fine? >> well, the british government reduced it from 50% to 45% and i thought that was wrong at the beginning of the conservative coalition because they said they were...
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republicans do not want to raise any taxes. democrats say we're not going to do what you want if you're not going to do what we want. where do you find common ground in the circumstance? there's not a lot. a lot of people are predicting they'll make very small changes around the margins, that's what i suspect will happen. >> when you say the narrative that way, it does tilt it a little bit. proposed social security cuts in his own budget, something that tour'e's point, elizabeth warren is actively campaigning against. i wouldn't say they were on the 50 yard line. they were looking at social safety net requirements and that's wasn't enough for republicans to go anywhere in revenue. >> that's entirely fair. when you look at the republicans you're looking at the political party that is now -- its base is elderly people more than anything else. on the one hand ideologually want to curtail social security and medicare and political base that says don't take our social security and medicare away. they are in the position of saying, d
republicans do not want to raise any taxes. democrats say we're not going to do what you want if you're not going to do what we want. where do you find common ground in the circumstance? there's not a lot. a lot of people are predicting they'll make very small changes around the margins, that's what i suspect will happen. >> when you say the narrative that way, it does tilt it a little bit. proposed social security cuts in his own budget, something that tour'e's point, elizabeth warren is...
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people doing tax planning before the end of the year? >> the people i talked to on the retail side are talking about not selling, trying to carry profits into next year. that's what we see on the retail side. my timing models that called for pullback, are calling for a pullback here. they say it's a go ahead time to be cautious. if you get a pullback i think it sets up the fabled santa claus rally like your previous guest -- >> what's going on bob? >> we have weakened going into the close the last couple of weeks. interest rate stocks are under pressure. ism is strong, setting up the possibility of a strong jobs report on friday. interest rate sensitive groups are getting hit hard housing, telecom is weak. this might be still about what the fed is doing, tapering becomes more likely on friday and that's bothering the market. >> you think,fy read you correctly, the dips we've seen bought left and right this is another dip to buy? >> i don't think it's right right here, but further down if we break the 1760 area you could get a 5% 7% pullb
people doing tax planning before the end of the year? >> the people i talked to on the retail side are talking about not selling, trying to carry profits into next year. that's what we see on the retail side. my timing models that called for pullback, are calling for a pullback here. they say it's a go ahead time to be cautious. if you get a pullback i think it sets up the fabled santa claus rally like your previous guest -- >> what's going on bob? >> we have weakened going...
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Dec 5, 2013
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they'll be able to pay more in taxes and you won't have to pay more. you and i won't have to pay more into the social service system. >> thomas? >> the expectation from organizers is that workers will walk out from behind the counters and join the demonstrators. >> have you seen anybody from this location actually do that? >> reporter: i have not seen -- i have not seen anyone from this location actually do that. to be fair, though, they're completely block the entrance and i can't tell if anybody's been able to walk out. no one has been able to get in there, if anyone has walked off the job they've melded into the crowd. i have not seen that why the. >> thanks so much. we appreciate it. >> today's protests were also the subject of the question of the day. do you think today's protestses will have any impact on the living wage debate? steven tweeted, not as long as there are greedy execs who don't care about anything, but their profit. wise guy shares this. the minimum wage issue is a band-aid on a bleeding economy and from izy, i can appreciate low-wa
they'll be able to pay more in taxes and you won't have to pay more. you and i won't have to pay more into the social service system. >> thomas? >> the expectation from organizers is that workers will walk out from behind the counters and join the demonstrators. >> have you seen anybody from this location actually do that? >> reporter: i have not seen -- i have not seen anyone from this location actually do that. to be fair, though, they're completely block the entrance...
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Dec 3, 2013
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>> property taxes are being collected as we speak. i think it's a misnomer, because some of the numbers that i see are numbers that go back to 2009 when i first came into office where it was said there's 100 to $150 million of uncollected taxes. you go back 10 years ago using the same numbers, it's not realistic. number one, a lot of those people are businesses that are no longer here. we need the number as it relates to taxes. the same thing holds true for empty houses. i see the number constantly at 78,000. that's not a right number. it's a moving number on a monthly basis but it's not near to 78,000. >> when you say -- >> that was detroit mayor dave bing speaking on the ruling moments ago that detroit can file chapter 9 bankruptcy. he'll be joining us later this hour. but first "twelve days of christmas" and
>> property taxes are being collected as we speak. i think it's a misnomer, because some of the numbers that i see are numbers that go back to 2009 when i first came into office where it was said there's 100 to $150 million of uncollected taxes. you go back 10 years ago using the same numbers, it's not realistic. number one, a lot of those people are businesses that are no longer here. we need the number as it relates to taxes. the same thing holds true for empty houses. i see the number...
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Dec 4, 2013
12/13
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how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platinum. hands for holding. feet, kicking. better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. if you're trying to manage your ra, now may be the time to ask about xeljanz. xeljanz (tofacitinib) is a small pill for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers have happened in patients taking xeljanz. don't start taking xeljanz if you have any kind of infection, unless ok with your doctor. tears in the stomach or intestines, low blood cell counts and higher liver tests and cholesterol levels have happened. your doctor should perform blood tests, including certain liver tests, before you start and while you are taking xeljanz. tell your doctor if you have been to a region where certain fungal infections are common and if you h
how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platinum. hands for holding. feet, kicking. better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. if you're trying to manage your ra, now may be the time to ask about xeljanz. xeljanz (tofacitinib) is a small pill for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can lower your ability to fight infections, including...
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Dec 2, 2013
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you would have a humongous tax bill brought on by yourself, and so far not many losses do. if you're an institution, you want to show your clients that you own it. that makes the stock blessed. third, unlike most of the bricks and mortar outfits out there, amazon does have a real mystery. the possibly of a lights out quarter could be in the cards. walmart and target keep going down. finally, when it comes to the worth of amazon, there is a simple answer you can get. it's worth what people will pay for it. the answer is they'll pay $400, or $178 billion for the stock where it was trading this morning before the pullback. that's when the discipline comes in. as i've been saying for a while now, you have to recognize that the idea of a bubble in stocks has kept you out of so many winners that it's just unforgivable. if you're a performance manager. look, i can't blame anyone for wanting to sell amazon, or so many other stocks for that matter based on valuation. i know it's way too expensive for my charitable trust. we're not going to do that. but this weekend also on twitter s
you would have a humongous tax bill brought on by yourself, and so far not many losses do. if you're an institution, you want to show your clients that you own it. that makes the stock blessed. third, unlike most of the bricks and mortar outfits out there, amazon does have a real mystery. the possibly of a lights out quarter could be in the cards. walmart and target keep going down. finally, when it comes to the worth of amazon, there is a simple answer you can get. it's worth what people will...
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Dec 5, 2013
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federal state and local taxes. so as these credits become stressed and distressed, and these situations emerge, firms like ours, other firms, become interested in the relative value of these bonds. so it's in these times and others, frankly, that we welcome a liquidity, the increased liquidity and the increased participation of professional investors who have a sense of how to navigate these waters. >> briefly, lawrence, is puerto rico too big to fail? >> i wish it were that simple. puerto rico has an enormous number of issues to confront. and frankly, dwarfs detroit by comparison in size. you're looking at $70 billion worth of issuance that is eye bi ubiquitously held. puerto rico is a complex problem, dwarfing detroit by size and magnitude. >> lawrence, thank you for joining us this morning. >> i appreciate it. >> we'll take a short break. still to come, it is a case of unhappy meals. can the protests make a u.s. minimum wage more or less likely? [ male announcer ] how can power consumption in china, impact wool
federal state and local taxes. so as these credits become stressed and distressed, and these situations emerge, firms like ours, other firms, become interested in the relative value of these bonds. so it's in these times and others, frankly, that we welcome a liquidity, the increased liquidity and the increased participation of professional investors who have a sense of how to navigate these waters. >> briefly, lawrence, is puerto rico too big to fail? >> i wish it were that simple....
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man of tax foundation explains not every online retailer is required to collect tax. back in the '70s the supreme court ruled that only businesses with a nexus, or a physical presence in the state, had to collect sales tax. but last year, california lawmakers went one step further. >> california is one of 12 states that passed a law that redefines physical presentations. >> reporter: it was coined the amazon tax and focused on large retailers lik amazon. some courts found the law unconstitutional. but the u.s. supreme court has decided to let a similar stand in new york. here in california the law went into effect last year requiring companies like amazon to collect tax at the time of purchase. >> regardless of whether they charge, you have to pay the tax. if it's not a sales tax at the time of purchase, you're supposed to keep your receipts and pay a use tax at the end of the year. nobody does it. >> reporter: but buyer beware. while henchman says for now the state is only likely to go for you on taxes like big items like cars or art, when it comes not fluctuating ec
man of tax foundation explains not every online retailer is required to collect tax. back in the '70s the supreme court ruled that only businesses with a nexus, or a physical presence in the state, had to collect sales tax. but last year, california lawmakers went one step further. >> california is one of 12 states that passed a law that redefines physical presentations. >> reporter: it was coined the amazon tax and focused on large retailers lik amazon. some courts found the law...
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. >> it's a hidden tax. they are paying because shoplifting is ongoing. >> it doesn't mean due process should be taken away. >> reporter: he chairs the consumer affairs committee. stores have a right to sue. charging a fine while he or she is being held captive is an overreach, even if there's evidence of theft. >> certainly doesn't mean any individual should be extorted. no one should have to pay money on the spot because a store has taken them into custody. >> macy's didn't share a written policy they have for detaining shoplifters or demanding on the spot payment, however they told nbc new york staff is prohibits from using coercioerciocoercion. >>> a warhol painting of kim kardashian may come true. he made a deal with monica warhol. she's making the painting happen like her famous cousin, she makes silkscreen works from photographs. when asked about painting kardashian, she said she's famous for nothing, andy would have loved her. >>> a puppy learned a hard lesson about chasing squirrels. the pipe was sm
. >> it's a hidden tax. they are paying because shoplifting is ongoing. >> it doesn't mean due process should be taken away. >> reporter: he chairs the consumer affairs committee. stores have a right to sue. charging a fine while he or she is being held captive is an overreach, even if there's evidence of theft. >> certainly doesn't mean any individual should be extorted. no one should have to pay money on the spot because a store has taken them into custody. >>...
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a chp helicopter searched the area using infrared technology that features heat paying particular tax to the creek but nobody was found. >> right now we only have the one reporting party who was the bus driver. so the video gives us another perspective of what occurred. and we will be reviewing the video to see if there is any way to identify the person involved. >> reporter: police say at this point they have not received any tips or leads. they may be releasing that video to the media to help this case. if the woman is safe and she may come forward after seeing the video, investigators say this appears to be an isolated incident but they are treating this as a worse case scenario. reporting live from milpitas janine de la vega ktvu channel 2 news. >>> we are following developing news for you from the south bay. investigators are still on the scene from an early morning fire. it started shortly after 2:00 this morning on the 5400 block of monterey road. the fire department sent out pictures from the fire sent a short time ago. investigators are still looking for a man in his 70s that
a chp helicopter searched the area using infrared technology that features heat paying particular tax to the creek but nobody was found. >> right now we only have the one reporting party who was the bus driver. so the video gives us another perspective of what occurred. and we will be reviewing the video to see if there is any way to identify the person involved. >> reporter: police say at this point they have not received any tips or leads. they may be releasing that video to the...
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Dec 10, 2013
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we have heard that the budget does not deal with entitlement reform tax loopholes, major debt reduction or all of the sequestration cuts. you're on the special budget conference that's coming up with the plan. that's your feeling on how this is taking shape, and then what's your biggest linchpin of concern? >> well, first, thomas, i think it's really important to say that more important i believe than the numbers and the details are doing it at all. you've got to understand congress hasn't passed a budget in four years, and i think simply coming to a deal that can be passed by both houses and get us off of this crisis to crisis governing is in itself important, and important to the country and important to the confidence in the country to help this recession that seems to be -- the recession that seems to be ending the momentum that's being gained in the economy to help that keep going. so that's a really important point and we shouldn't lose sight of that when we're talking about how it's being funded or what the actual dollars are. my impression is from talking to people around here t
we have heard that the budget does not deal with entitlement reform tax loopholes, major debt reduction or all of the sequestration cuts. you're on the special budget conference that's coming up with the plan. that's your feeling on how this is taking shape, and then what's your biggest linchpin of concern? >> well, first, thomas, i think it's really important to say that more important i believe than the numbers and the details are doing it at all. you've got to understand congress...
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Dec 8, 2013
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welfare benefits sadly none of the guys at cushioning about the people complain that we live off their tax money says on to that they would give this work week and earn our own money. in the vicinity apple was assisted chimes in on the texting for lazy but that's not true. we would like to work now. the vet the apartment is not just small it's also expensive. on drew's sister wants to move but she says their chances of finding a new place are slim because of their name their appearance and their accent. oh well. this apartment belongs to another room these profiting from their desperation. meaning that the owner's sister shows us the bathroom. it's the only place we can store anything she sets out that way. they are eleven the washing machine is also broken. that's all the family needs. yet unknown bring your mommy you know. this is the school nearest to the roman neighborhood. here are used to go here. it's a special school principal martinez said hello but has worked here for over twenty years. the evidence of an above average number of roma children and appeared because the school was s
welfare benefits sadly none of the guys at cushioning about the people complain that we live off their tax money says on to that they would give this work week and earn our own money. in the vicinity apple was assisted chimes in on the texting for lazy but that's not true. we would like to work now. the vet the apartment is not just small it's also expensive. on drew's sister wants to move but she says their chances of finding a new place are slim because of their name their appearance and...
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done a big financing, and if they really, really wanted to, they could repatriate some cash and pay taxes. that's probably not what's going to happen. >> no, they're not going to do that. >> the stock on its own merit will do fine. >> just focus on the product, and the margins are stabilizing, and those are more important, i think, in the near term. >> here's a question. how would you like a look at tomorrow's jobs numbers today? up next, we're talking to someone who get as very unique perspective from background checks. that and much more is just ahead. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-25
done a big financing, and if they really, really wanted to, they could repatriate some cash and pay taxes. that's probably not what's going to happen. >> no, they're not going to do that. >> the stock on its own merit will do fine. >> just focus on the product, and the margins are stabilizing, and those are more important, i think, in the near term. >> here's a question. how would you like a look at tomorrow's jobs numbers today? up next, we're talking to someone who get...
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Dec 10, 2013
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those federal taxes. and so, i don't -- i think people can very, very easily see through it. it's quite transparent. and again, we haven't gotten away from the 2010 comments. no one's ever going to forget the comments on the campus of howard university, because that is the way that people think the republicans relate to different demographics, that they pander to them, they talk down to them, they think they're less intelligent, think they don't understand history. so, rand paul has fallen into the sort of traps of republicanism over the last, you know, several decades or so, and i think it's very transparent at this point. >> there is a way, i think, to cash this out. i mean, if you're rand paul. whether this is a stunt or not, which is be a warrior on capitol hill for standard drug laws, and he does support standard drug laws, his voting record is pretty good on this, but it's a question of where you put your political capital. put yourself on the line, take political risk, go talk to your own constitue
those federal taxes. and so, i don't -- i think people can very, very easily see through it. it's quite transparent. and again, we haven't gotten away from the 2010 comments. no one's ever going to forget the comments on the campus of howard university, because that is the way that people think the republicans relate to different demographics, that they pander to them, they talk down to them, they think they're less intelligent, think they don't understand history. so, rand paul has fallen into...
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Dec 6, 2013
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i would rather see wage subsidies, direct government wage subsidies or some kind of negative income tax which is totally transparent but unfortunately, we do not have the time this evening to pursue all these options. pardon my skepticism about the seiu, however. i'm still going to stay with that. >>> now, if you tune in to nbc's "meet the press" this sunday, i will be talking about this with host david gregory. "meet the press" airs at 9:00 a.m. eastern time. many of the nbc stations. please check your local listings. >>> all right. many thanks to carrie wof ford and rick berman. appreciate your points of view. >>> the clock is really ticking on obama care. we know millions of americans have already lost their insurance effective january 1st because of obama care. for those people and anyone else who wants to sign up for new policies and be covered on new year's day, the deadline is actually december 23rd. that's not far away. doesn't say much about the sticker shock of the premiums, even speaker john boehner experiencing that today. take a listen. >> my health insurance premiums are g
i would rather see wage subsidies, direct government wage subsidies or some kind of negative income tax which is totally transparent but unfortunately, we do not have the time this evening to pursue all these options. pardon my skepticism about the seiu, however. i'm still going to stay with that. >>> now, if you tune in to nbc's "meet the press" this sunday, i will be talking about this with host david gregory. "meet the press" airs at 9:00 a.m. eastern time. many...
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Dec 8, 2013
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we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get out of the way. it will treat you like an adult. it will treat everyone equally under the law, it will help parents control their children's future and their education, it will help creators have more jobs for workers. it will treat you the same way everyone else, the matter the color of your skin, what part of town you comfort. we have tried the bailouts, excessive taxation. it has not worked. it does not work. we will try a new approach. you can meet your new challenges as you rebuild your cities, it will endure and prevail. i promise you that i will work you do we do that. thank you very much. [applause] >> it is my job to sort hundreds of questions and try to
we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get out of the way. it will treat you like an adult. it will treat everyone equally under the law, it will help parents...
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Dec 2, 2013
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i mean how many people in new york state who were spending 50% of everything that they make in taxes, say hey listen, i would be willing to spend another 5% more to make the trains and bridges and airports better. who trusts government any more to do that? >> listen, my question for the group as a whole is everyone who has read about these incredibly hi-tech high-speed trains in europe and asia, it's not like they haven't been proposed in florida. there was a proposal for a high-speed train. but in this country is there an appetite, because joe said is the problem we don't throw enough money. your points about percentage of gdp. we're spending more and more money on ballooning entitlements. we spend plenty of money on infrastructure. if you drive from new york to maine you can see how different states manage their infrastructure dollars differently by when the potholes end and start up again. >> one they are thing about percentage of gdp. dwight eisenhower didn't have made care and medicaid take up the budget. all of the percentages are going to be declining including defense. >> i ag
i mean how many people in new york state who were spending 50% of everything that they make in taxes, say hey listen, i would be willing to spend another 5% more to make the trains and bridges and airports better. who trusts government any more to do that? >> listen, my question for the group as a whole is everyone who has read about these incredibly hi-tech high-speed trains in europe and asia, it's not like they haven't been proposed in florida. there was a proposal for a high-speed...
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Dec 3, 2013
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FOXNEWSW
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forgot to pay taxes for a couple of years? >> there is an ethics issue that was adjudicated that he tried to appeal. a lot of people thought he wasn't going to run again. to their surprise he is running again. calvin butts is a challenger, a prominent minister here in new york city. >> he forgot. the voters forgot. it is 23 minutes before the top of the hour. let's turn to maria molina who starts the weather day inside the studio. >> that's right. good morning. good to see you peter on the curvy couch. we have cold temperatures to talk about and a big winter storm that is going to be impacting so many people out west. it's been producing snow out here. parts of wyoming have already picked up more than six inches of snow. the same goes for parts of north dakota and minnesota. the storm system has already been on the move out here. take a look at how much additional snowfall we're expecting. at least 18 more inches across western colorado, at least 6 more inches widespread across parts of the upper midwest. significant snow fore
forgot to pay taxes for a couple of years? >> there is an ethics issue that was adjudicated that he tried to appeal. a lot of people thought he wasn't going to run again. to their surprise he is running again. calvin butts is a challenger, a prominent minister here in new york city. >> he forgot. the voters forgot. it is 23 minutes before the top of the hour. let's turn to maria molina who starts the weather day inside the studio. >> that's right. good morning. good to see you...
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seven percent of americans pay no income taxes now you re going to say he has ales tax and everything else add on no i'm saying but i'd say it was forty percent what the seven percent not the highest i'm a green and that's because of thirty two years of reaganomics have thrown the word have thrown the american middle class into the working poor now you're saying that sometimes they say but that would shock me as a guy who wants to talk about romney well i've romney was an example he's met he's met it's all these other guys you know quarter to three quarters of the most profitable corporations in america pay no taxes most of most wealthy people in america people who are have an entitled over a million dollars a year are paying very wonder if you're going to figure out how to get more people up to that category and try to write down how to not the people down to the plate place where they are having to pay all these things i would like to see a relative i don't i don't i know you don't i know you want to be millionaires and you are the poor people and i think you know that we have got a
seven percent of americans pay no income taxes now you re going to say he has ales tax and everything else add on no i'm saying but i'd say it was forty percent what the seven percent not the highest i'm a green and that's because of thirty two years of reaganomics have thrown the word have thrown the american middle class into the working poor now you're saying that sometimes they say but that would shock me as a guy who wants to talk about romney well i've romney was an example he's met he's...
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the federal gas tax -- let's talk about one tax. the federal gas tax. it goes to the highway trust fund. it hasn't gone up in 20 years. but the cost of road repair and road construction has gone up 55%. >> you don't think a lot more people would drive? >> i think that the gas tax -- >> you think just because it hasn't been touched for 20 years -- >> it is declining revenue source because our cars are more fuel efficient -- >> what about -- >> that's not what we're talking about, we're talking about e thing -- >> no, no, no, that's part of it -- >> you need more money, you have other resource, why to you need more money? >> you do need more because since 2008, the general fund has contributed $41 billion to the federal highway trust fund. you're asking people, you're basically -- drivers are not paying their way -- >> wait, let me just finish one thing -- >> wait, let me -- >> i pay 12 bucks a day. i'm not using up -- >> you don't know that for a fact. we are not paying -- >> so you are for what this congressman -- you're agreeing with a guy who has a bi
the federal gas tax -- let's talk about one tax. the federal gas tax. it goes to the highway trust fund. it hasn't gone up in 20 years. but the cost of road repair and road construction has gone up 55%. >> you don't think a lot more people would drive? >> i think that the gas tax -- >> you think just because it hasn't been touched for 20 years -- >> it is declining revenue source because our cars are more fuel efficient -- >> what about -- >> that's not what...
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Dec 5, 2013
12/13
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BLOOMBERG
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if you tax a shareholder, you are taxing the alternate beneficiary area >> as an ordinary rate. >> and they are clipping coupons. they are not hiring people. >> and corporations are doing that. >> you take their rate to zero. all this money to talk about overseas, if the corporations money and buy back stock and issue dividends, that money comes back at a 40% rate. they are not bringing it to the 35% rate. do you think this has a chance in hell of being politically viable? worse question. is the reason you are going to all these campuses is you want to create some kind of political inion that might result having a chance in hell? , i wantecond question to shine a light on this issue. i am desperately hoping the young people will start a movement. you i want to start a movement? i do not think i am capable. do i think i can articulate the facts? and have i seen them respond that someone else can start a movement? yes. they were instrumental in getting gay marriage passed. they are moving the needle on the environment. this thing is similar. >> on both of those issues, you are on their s
if you tax a shareholder, you are taxing the alternate beneficiary area >> as an ordinary rate. >> and they are clipping coupons. they are not hiring people. >> and corporations are doing that. >> you take their rate to zero. all this money to talk about overseas, if the corporations money and buy back stock and issue dividends, that money comes back at a 40% rate. they are not bringing it to the 35% rate. do you think this has a chance in hell of being politically...
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when you get a rebate do you get charged tax on the original or discounted price? is it worth getting the l.e.d. lights? we have that answer at 5:00. >> all right. we want to know the answers. thanks, liz. barbara? >>> coming up, eating healthy doesn't just take self-control, it's pricier. we have the number on the cost of eating healthy. >>> parts of the country getting slammed by the inter storm system. creating treacherous conditions. we have a live report from arkansas. veronica, what does the weather look like in our area? >> for us, rain tonight. a winter type weekend with icy travel likely. how much ice and how will it impact your sunday drive and monday morning >>> a shocking police involved crash is just in. let's go to scott macfarlane at the live desk. >> this is powerful video. the person involved is not seriously hurt. san diego, a san diego sheriff squad making a left turn and slamming into that woman on a mobility scooter. the woman's bag knocked to the ground. fortunately, she's expected to be fine. witnesses tell our sister station in san diego the
when you get a rebate do you get charged tax on the original or discounted price? is it worth getting the l.e.d. lights? we have that answer at 5:00. >> all right. we want to know the answers. thanks, liz. barbara? >>> coming up, eating healthy doesn't just take self-control, it's pricier. we have the number on the cost of eating healthy. >>> parts of the country getting slammed by the inter storm system. creating treacherous conditions. we have a live report from...